For the Quarter Ending September 2025
North America
• In the United States, the Sodium Hydrosulphide Price Index rose quarter-over-quarter in Q3 2025, driven by increasing production costs.
• Sodium Hydrosulphide production costs increased due to a 2.6% PPI rise in August 2025 and higher industrial electricity prices that month.
• Demand faced minimal industrial production growth, up 0.1% in September 2025, indicating limited sector expansion.
• The Sodium Hydrosulphide demand outlook was supported by robust retail sales, increasing 5.42% in September 2025, boosting consumer sectors.
• Mining output, a key Sodium Hydrosulphide demand driver, moved up in August 2025 after a July decline, showing some recovery.
• The pulp and paper industry, a significant consumer, projects modest growth in 2025, particularly in specialty packaging.
• Trade flows were impacted by US tariff strategy, with global rates reaching approximately 19% by August 2025.
• Declining consumer confidence to 94.2 in September 2025 signaled potential softening demand for discretionary leather goods.
Why did the price of Sodium Hydrosulphide change in September 2025 in North America?
• Rising producer input costs, evidenced by a 2.6% PPI increase in August 2025, elevated Sodium Hydrosulphide production expenses.
• Increased industrial electricity prices in August 2025 contributed to higher operational costs for Sodium Hydrosulphide manufacturers.
• Overall inflationary pressures, with CPI at 3.0% in September 2025, supported an upward Sodium Hydrosulphide price trend.
APAC
• In China, Sodium Hydrosulphide prices fell in Q3 2025, driven by weak industrial demand and consumer sentiment.
• Sodium Hydrosulphide production costs faced upward pressure from sulfur upstream, which experienced an upward trend during Q3 2025.
• Demand for Sodium Hydrosulphide was mixed, with strengthening copper flotation and stable textile activity in Q3 2025.
• The Manufacturing Index contracted in September 2025, signaling reduced overall industrial activity impacting chemical consumption.
• Caustic soda upstream supply experienced oversupply in August 2025, contributing to cautious cost trends for Sodium Hydrosulphide.
• Chinese caustic soda export pressures weighed on prices in Q3 2025, affecting broader market dynamics for related chemicals.
• The Consumer Price Index decreased by 0.3% year-over-year in September 2025, reflecting weak consumer demand.
• Industrial Production increased by 6.5% year-over-year in September 2025, providing some support for overall industrial chemical demand.
Why did the price of Sodium Hydrosulphide change in September 2025 in APAC?
• Weak industrial demand, evidenced by a 2.3% decline in PPI year-over-year in September 2025, pressured prices.
• The Manufacturing Index contracting in September 2025 signaled reduced production, impacting Sodium Hydrosulphide consumption.
• Caustic soda oversupply in August 2025 and export pressures contributed to downward price trends.
Europe
• In Germany, the Sodium Hydrosulphide Price Index fell quarter-over-quarter in Q3 2025, driven by weakened industrial demand.
• Sodium Hydrosulphide production costs faced mixed pressures; producer prices fell 1.7% in September 2025.
• Sulfur upstream costs surged in September 2025; natural gas prices remained high in Q1-Q3 2025.
• Rising consumer inflation at 2.4% in September 2025 increased general operational costs for industries.
• The demand outlook for Sodium Hydrosulphide was bearish; industrial production declined 1.0% in September 2025.
• Overall chemical product demand in Germany weakened throughout Q3 2025, with the Manufacturing Index contracting.
• Despite a 0.2% retail sales rise in September 2025, stable 6.3% unemployment suggested subdued consumer confidence.
• German chemical industry capacity utilization dropped significantly in September 2025, indicating efforts to manage inventory levels.
• Export expectations for German chemicals turned gloomier in September 2025, partly due to US tariffs in July.
Why did the price of Sodium Hydrosulphide change in September 2025 in Europe?
• Weakened chemical demand in Germany Q3 2025; industrial production fell 1.0% in September.
• Producer prices for industrial products declined 1.7% in September 2025, lowering manufacturing costs.
• Sulfur upstream costs surged in September 2025, partially offsetting lower producer prices.
